Crofton House School 17
CHS BOARD OF GOVERNORS COMMITTEES AND CHS FOUNDATION : 2023 – 2024
ADVANCEMENT COMMITTEE
Chair
Committee Members
Craig Lindsay
Alison Sinclair Burns Peter Fu Jiti Gill Lili Kahkesh Joanna Wasel Ian Worland
The Advancement Committee provides support to the Board of Governors in strategic and policy matters related to advancement , including fundraising , donor relations and stewardship , and alumnae relations , helping to ensure they reflect the School ’ s strategic priorities and are conducted with the highest level of integrity , confidentiality , and respect . The Committee works in partnership with the Director of Advancement , Deputy Head and Head of School .
2023 – 2024 Highlights
• This year , a group of School leaders , Board , and Foundation Board members — including members of the Advancement Committee and supported by an external consultant and community feedback — evaluated fundraising priorities , strategies and tactics . A final draft of the Advancement Plan was presented to the Board and approved in the spring .
• This fall , the group also planned for the inaugural meeting of a reconstituted Advancement Committee to take place in fall 2024 , including the identification of a new Committee Chair .
Looking forward , the Advancement Committee will continue to meet regularly starting in fall 2024 . An updated Terms of Reference of the Committee and Year One Action Plan will be developed to ensure alignment with the new Advancement Plan .
FINANCE COMMITTEE
Chair
Committee Members
Cecilia Wong
Vivian Chan Robert Coard Rick Eng Sodi Hundal Todd Ingledew Kevin Kruk Craig Lindsay , ex-officio Todd May Malvina Pradana Bill Weaver
The Finance Committee is responsible for ensuring the ongoing financial sustainability of the School . It reports on the School ’ s financial position to the Board and makes recommendations , ensuring that the annual budget review process is undertaken to address both operational and capital needs , and that a sustainable financial plan is in place that supports the School ’ s strategic priorities . The Finance Committee also oversees the annual financial audit and works in partnership with the Director of Finance and Head of School to support CHS financial operations .
2023 – 2024 Highlights
• Continued to monitor School tuition ratification and budgeting processes
• Continued to focus on reducing bank debt , including a bonus principal payment against the Campus Master Plan loan
Looking forward , the Finance Committee will continue to support the evolution of the School ’ s long-term financial projections and advise the Board on the financial implications of strategic and policy matters , ensuring the financial sustainability of any strategic initiatives in the 2025 – 2026 budget . The Committee will continue to monitor bank loan refinancing given the current interest rate environment and continue to provide oversight of the conduct of the School ’ s audit by KPMG .